Beauty Salons Commercial Loans

Looking for commercial loans for beauty salons? Try the SBA. This $42,500 beauty salons loan was issued by an Oregon bank.

This business knew how to go about getting a business bank loan. Based in Eugene, Oregon, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Umpqua Bank, based in Springfield, Oregon.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SALONS
EUGENE, OR 97401

SBA Loan Lender

UMPQUA BANK
5251 MAIN ST
SPRINGFIELD, OR 97478

This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

4/29/2002

Loan Approval Gross Amount

$42,500

Loan Approval from the SBA

Of the total $42,500 loan amount, the SBA guaranteed $36,125.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 10 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

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SBA Banks in Springfield, Oregon

Oregon SBA Banks